China’s Mortgage Crisis and 5 Stocks to Watch

2. Sany Heavy Industry Co., Ltd (SSE:600031.SS)

Sany Heavy Industry Co., Ltd (SSE:600031.SS) is a Beijing-based company that manufactures and sells construction equipment and machinery worldwide, such as concrete machinery, excavators, hoisting machinery, pile driving machinery, and road construction machinery. As the housing crisis escalates in China, demand for construction machinery will fade in the near-term as well. However, if the government pushes the Evergrande Group to deliver on their promises to customers and finish construction rapidly, Sany Heavy Industry Co., Ltd (SSE:600031.SS) might see elevated demand.